SKYROCKETING PRICES: Fuelled by an influx of workers from the Internet economy and a record 17 consecutive quarters of rising prices, the average cost per square foot of office space in Midtown South hit an all-time high of US$62.02 (RM223) in the first quarter, according to Colliers International.
NEW YORK: The Dutch, it is said, bought Manhattan Island in 1626 from its native American inhabitants for about US$24 (RM86) in trade goods.
Half a millennium later, that sum wouldn't buy a square foot of office space in New York City's trendiest real estate market, the area below 34th Street known as Midtown South.
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